With hedge funds generating a growing share of trading volumes in many fixed-income products - and a majority of the volume in several especially lucrative products - global and European investment banks are concentrating their efforts on these increasingly profitable customers. Or so suggests a new study of fixed in
Marketpipe Limited, which operates a new issue network in the fixed income markets and also licenses its products to banks, has been sold to Ipreo LLC. Marketpipe was formed in 2000 and currently has 19 investment banking clients serviced by 30 employees from its London office. With the acquisition of Marketpipe, Ip
The Spanish Financial Futures and Options Exchange, MEFF, says Deutsche Bank Madrid has joined the exchange as a direct clearing member, and Fortis Bank Madrid has joined as a custodian clearing member. Liquid Capital Securities and Nomura International, both of which are based in London, have joined as trading member
Italian IT vendor SIA claims to have launched the first platform in Europe to verify and assess best execution, to enable securities market firms to monitor and control their operations in compliance with the Markets in Financial Instruments Directive (MiFID).
Eurex Repo, the electronic repo trading market owned by Eurex, says its Euro GC Pooling service, which was launched in March 2005, is being enhanced in conjunction with Clearstream Banking Luxembourg and Eurex Clearing to enable assets held in custody with Clearstream Luxembourg to be available for Euro GC Pooling from mid-2007 onwards. The new service is aimed primarily at international participants who use Clearstream Luxembourg as custodian for their securities.
Quantifi, a provider of analytics and risk management solutions to the global credit markets, has released Quantifi Version 8.5, a toolkit for the pricing and risk assessment of credit derivatives. "Version 8.5 provides several key enhancements including third-generation base correlation technology essential for pricing some of the more recently developed portfolio credit products," says Rohan Douglas, CEO, Quantifi.
BT Radianz, a provider of financial services connectivity, is to connect the LSE to its international bourse network. The exchange will use BT Radianz's shared market infrastructure to extend its market data distribution and electronic trading capabilities. The deal allows the LSE to offer connectivity to Infolect, i
The London Stock Exchange (LSE) has joined the international stock exchange network created by BT Radianz. The connectivity vendor says the deal will increase the distribution of LSE market data and provide other users of the BT Radianz network which include over 40 major stock exchanges in the world, including Nasd
SecFinex, the six-year-old, London-based electronic trading platform for securities lending, has sold 51 per cent of its equity to Euronext. The platform has sought an investor for some time, and came close to selling itself to inter-dealer broker ICAP earlier this year, but major shareholders Societe Generale and Fortis eventually demanded too high a price.
iX-Direct, a data solution designed to reduce latency, was unveiled yesterday by market data telecommunications provider Fixnetix. Delivered over a global fibre network, iX-Direct features Ethernet connectivity and does not require data feed handlers or servers to be installed on-site. "With the continuing rise of al